Texas Permanent School Fund Corp Sells 13,021 Shares of Five Below, Inc. $FIVE

Texas Permanent School Fund Corp lessened its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 22.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,553 shares of the specialty retailer’s stock after selling 13,021 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Five Below were worth $5,844,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Five Below during the 2nd quarter valued at approximately $110,834,000. AQR Capital Management LLC lifted its position in Five Below by 433.1% during the first quarter. AQR Capital Management LLC now owns 770,626 shares of the specialty retailer’s stock valued at $54,668,000 after purchasing an additional 626,077 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in Five Below by 1,770.7% during the second quarter. Hudson Bay Capital Management LP now owns 471,506 shares of the specialty retailer’s stock valued at $61,852,000 after purchasing an additional 446,301 shares during the last quarter. Junto Capital Management LP purchased a new position in shares of Five Below in the 1st quarter worth $32,788,000. Finally, American Century Companies Inc. increased its holdings in shares of Five Below by 31.1% in the 2nd quarter. American Century Companies Inc. now owns 1,540,501 shares of the specialty retailer’s stock worth $202,083,000 after buying an additional 365,426 shares during the last quarter.

Insider Activity at Five Below

In related news, insider Maureen Marie Gellerman sold 544 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $174.38, for a total value of $94,862.72. Following the completion of the sale, the insider owned 12,163 shares in the company, valued at approximately $2,120,983.94. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George Hill sold 7,500 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $182.09, for a total value of $1,365,675.00. Following the completion of the transaction, the insider directly owned 32,913 shares in the company, valued at approximately $5,993,128.17. This trade represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,044 shares of company stock worth $5,829,288 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FIVE has been the subject of a number of analyst reports. Mizuho set a $165.00 price target on shares of Five Below in a report on Thursday, December 4th. JPMorgan Chase & Co. upped their price objective on Five Below from $186.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Bank of America lifted their target price on Five Below from $110.00 to $132.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group increased their price target on Five Below from $162.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, UBS Group raised their price target on Five Below from $204.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.16.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $176.77 on Wednesday. Five Below, Inc. has a fifty-two week low of $52.38 and a fifty-two week high of $184.57. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.94 and a beta of 1.17. The business’s 50 day moving average price is $158.81 and its 200-day moving average price is $145.57.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, December 3rd. The specialty retailer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.46. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $971.96 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. Five Below has set its FY 2025 guidance at 5.710-5.890 EPS and its Q4 2025 guidance at 3.360-3.540 EPS. Sell-side analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.